A licenced tax expert who can assist British Nationals Overseas (BNO passport holders) with their UK tax matters is referred to as a BNO visa tax advisor. BNO passport holders are not need to obtain a visa to live and work in the UK, but they are still subject to UK tax rules. This implies they may be required to pay UK tax on their worldwide income, including income earned abroad.
A BNO visa tax counsellor can assist BNO passport holders in the following ways:
Recognise their UK tax responsibilities
Fill out an HMRC registration form.
Finish their tax returns
Make a claim for tax breaks and allowances.
Handle tax disputes
Make plans for their future tax obligations.
Why do you require the services of a BNO Visa Tax Advisor?
There are several reasons why you might require the services of a BNO visa tax advisor. These are some examples:
You have complicated UK tax issues, such as foreign income or property investments.
You lack confidence in your abilities to prepare your own tax returns.
HMRC has contacted you regarding your tax matters.
You intend to relocate to or depart the United Kingdom.
Where Can I Find a BNO Visa Tax Advisor?
There are several options for locating a BNO visa tax advisor. These are some examples:
Requesting referrals from friends and relatives
Searching on the internet
Contacting the Association of Taxation Technicians (ATT) or the Chartered Institute of Taxation (CIOT) is a good place to start.
What to Look for in a BNO Visa Tax Consultant
When looking for a BNO visa tax advisor, make certain that they are:
ATT or CIOT qualified and regulated
Extensive experience dealing with BNO passport holders
up to date on the most recent UK tax legislation
Capable of communicating in a clear and straightforward manner
What to Expect from a BNO Visa Tax Consultant
When you meet with a BNO visa tax advisor, they will do the following:
Discuss your specific situation.
Inform you of your UK tax requirements.
Assist you in preparing your tax return
Make tax deductions and allowances on your behalf.
Handle any tax arguments on your behalf.
What is the cost of a BNO Visa Tax Advisor?
The fee for a BNO visa tax advisor varies according to their experience and the intricacy of your tax problems. An initial consultation, on the other hand, should cost between £100 and £500.
If you have a BNO passport and are unsure about your UK tax requirements, you should consult with a BNO visa tax advisor. A trained tax advisor can assist you in understanding your tax obligations and ensuring that you are in compliance with UK tax law.
In addition to the foregoing, here are some more considerations:
Immigration advisors are not the same as BNO visa tax advisors. Immigration advisors can assist you with the visa application procedure, but they cannot provide tax advice.
If you have a BNO passport and are unsure if you must pay UK tax, you should seek guidance from HMRC.
More information on BNO passport holders and UK tax can be found on the HMRC website.